On the graph above, consider a point A on the aggregate supply curve and above the aggregate demand curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise
B) quantity demanded is greater than quantity supplied, so the inflation rate will rise
C) output is greater than the quantity demanded, so output will fall
D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied
E) none of the above
C
Economics
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The official measure of the deficit becomes more inaccurate as
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One benefit of a negative income tax is that it would increase work incentives
a. True b. False Indicate whether the statement is true or false
Economics